May. 26 at 1:45 PM
Dropbox’s current market cap of just over
$6 billion is down by half from the high price on its first day of trading in 2018, and is below the
$10 billion valuation it was ascribed by private market investors in 2014. Meanwhile, Airbnb
, another early breakout hit from Y Combinator, has a market cap of close to
$80 billion, and CEO Brian Chesky is credited with upending the hospitality industry.
Houston, who created Dropbox due to a “personal frustration” with constantly losing USB sticks when he was in college at Massachusetts Institute of Technology, brushed off the Airbnb comparison.
“I think my 18-year-old self would be high-fiving me,” Houston told CNBC in an exclusive interview, noting that Dropbox is “something that a percentage of the planet still uses.”
$DBX